LOCATION
The property is situated in heart of Titchfield village centre and is in a prominent position fronting The Square. The Square is predominately made up of commercial occupants including both national and independent retailers. Titchfield is within the borough of Fareham, which is located approximately 13 miles from Portsmouth to the east and 10 miles from Southampton to the west. Fareham station is just 2 miles away.
DESCRIPTION
The property comprises a Grade II listed building over ground and first floors. The ground floor offers two self-contained retail units (31 and 31a) and entrance to the first floor flat (31b).
There is an enclosed courtyard and grassed garden that is accessible only by the occupants. There is an external WC for 31a The Square, and an external store.
TERMS
We are instructed are instructed to market the property at offers over £450,000 (Four Hundred and fifty thousand pounds) for the Freehold Interest, subject to tenancies and contract.
Rental income: £26,650 pax, rising to £28,150 pax.
TENURE
This property is Freehold. There will be a restrictive covenant added to the Title, restricting the use of the premises as a restaurant, drinking establishment or hot food takeaway. Further information on request.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in this transaction.
VAT
We understand that the property is not elected for VAT.
